Rachael Griffin goes through the benefits of using excluded property trusts
When advising clients on offshore matters, understanding the domicile rules is essential. With on-going refinement of both the residency and domicile rules, advisers have been forced to review many clients’ positions. These changes presented several planning opportunities, and advisers may want to remind themselves of the rules. One of the key areas that can be explored in relation to domicile is around the use of offshore bonds. For non-UK domiciles, the use of offshore bonds has ongoing appeal, specifically in conjunction with an excluded property trust. In simple terms, an excluded...
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